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5 states sue Zillow, Redfin over $100M agreement after FTC suit

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Zillow and Redfin are facing yet another lawsuit related to their multifamily rental syndication deal. On Wednesday, attorneys general in Virginia, Arizona, New York, Connecticut and Washington filed a lawsuit in U.S. District Court in Alexandria, Virginia, that makes claims identical to those alleged by the the Federal Trade Commission (FTC) in its lawsuit filed […]

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Amazon-backed affordable housing hits Seattle milestone

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Amazon has reached a milestone of 10,000 affordable housing units funded in Seattle’s Puget Sound region, part of the $2 billion Housing Equity Fund the online retail giant launched in 2021. The announcement coincides with the opening of Connection Angle Lake — a 130-unit development from Mercy Housing built with the help of a $17

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Seattle housing market wrestles with crippling affordability concerns

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On the surface, Seattle’s housing market looks like any other in the country. The inventory of single-family homes for sale is up substantially year over year. New listings are up slightly, sales remain subdued and home prices aren’t moving much. That’s the story in the majority of housing markets. But Seattle is wrestling with a

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DOJ: Former attorney pleads guilty to wire fraud tied to reverse mortgage misuse

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A former attorney in Washington state this week pleaded guilty in federal court to defrauding a disabled client out of an estimated $800,000 — in part through the misuse of a reverse mortgage, according to an announcement by the Department of Justice (DOJ) and the U.S. Attorney’s Office for the Western District of Washington. The

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Washington state church completes affordable housing conversion

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A lack of affordable housing units in one of Washington state’s largest cities has pushed a community church into action as it seeks to convert some of its property holdings into as many as 60 affordable housing units. Shiloh Baptist Church in Tacoma’s Hilltop neighborhood is taking steps to convert two of its properties into

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